<p>儘管已經有了強勁的表現，<strong>立高控股</strong>（HKG:8472）的股票仍在繼續上漲，在過去三十天內上漲了 48%。並不是所有股東都會感到歡欣鼓舞，因為股價在過去十二個月內仍然下跌了令人失望的 29%。</p>
<p>儘管價格有了明顯反彈，但仍然沒有多少人認為立高控股的市銷率（&#34;P/S&#34;）為 0.3 倍值得一提，因為香港商業服務行業的中位數市銷率大約為 0.5 倍。不過，簡單忽視市銷率並不明智，因為投資者可能會忽略一個獨特的機會或一個代價高昂的錯誤。</p>
<p>特朗普承諾要&#34;釋放&#34;美國的石油和天然氣，這 15 只美國股票的發展將受益。</p>
<p>查看我們對立高控股的最新分析</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/528407444-ps-multiple-vs-industry-1-dark-2/1758838336771?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/528407444-ps-multiple-vs-industry-1-dark-2/1758838336771"/></p>
<p>SEHK:8472 市銷率與行業比較 2025 年 9 月 25 日</p>
<h3>立高控股最近的表現如何？</h3>
<p>例如，立高控股最近收入的下降值得深思。也許投資者認為最近的收入表現足以與行業保持一致，這使得市銷率沒有下降。如果不是這樣，那麼現有股東可能會對股價的可持續性感到有些緊張。</p>
<p>想要了解公司盈利、收入和現金流的完整情況嗎？那麼我們對立高控股的 <strong>免費</strong> 報告將幫助您瞭解其歷史表現。</p>
<h2>收入預測與市銷率是否匹配？</h2>
<p>為了證明其市銷率的合理性，立高控股需要產生與行業相似的增長。</p>
<p>在回顧過去一年的財務數據時，我們感到沮喪，因為公司的收入下降了 73%。因此，三年前的收入總體也下降了 69%。因此，可以公平地説，最近的收入增長對公司來説是不可取的。</p>
<p>將這一中期收入軌跡與更廣泛行業的年度擴張預測 7.3% 進行比較，顯示出這是一個不愉快的局面。</p>
<p>考慮到這一點，我們發現立高控股的市銷率超過了其行業同行，這讓人擔憂。似乎大多數投資者忽視了最近糟糕的增長率，並希望公司業務前景能有所好轉。如果市銷率降到與最近的負增長率更為一致的水平，現有股東很可能會面臨未來的失望。</p>
<h2>立高控股市銷率的底線</h2>
<p>立高控股的股票最近有很大的動能，這使其市銷率與行業其他公司持平。雖然市銷率不應該是您是否購買股票的決定性因素，但它確實是收入預期的一個有效指標。</p>
<p>我們對立高控股的觀察顯示，其中期收入的縮減並沒有像我們預期的那樣影響市銷率，因為行業預計將增長。當我們看到收入在行業增長預測的背景下出現下滑時，預計股價可能會下降，從而使適度的市銷率降低是有道理的。除非最近的中期情況有所改善，否則預計公司股東將面臨困難時期並不為過。</p>
<p>我們不想過於潑冷水，但我們確實發現了 <strong>立高控股的 5 個警示信號</strong>（其中 2 個讓我們感到不安！），您需要注意。</p>
<p>當然，<strong>有着良好盈利增長曆史的盈利公司通常是更安全的投資</strong>。因此，您可能希望查看這份 <strong>免費</strong> 的其他公司集合，這些公司有合理的市盈率並且盈利增長強勁。</p>

華泰瑞銀股權

立高控股

<p>立高控股（HKG:8472）的股價在過去一個月上漲了 48%，儘管過去一年下降了 29%。該公司的市銷率（P/S）為 0.3 倍，低於行業中位數 0.5 倍，這引發了對其收入表現的擔憂，過去一年收入下降了 73%。投資者可能對反彈過於樂觀，因為整個行業預計將增長 7.3%。如果收入沒有改善，股價可能會出現下跌，給股東帶來風險</p>

<p>Despite an already strong run, <strong>Lapco Holdings Limited</strong> (HKG:8472) shares have been powering on, with a gain of 48% in the last thirty days. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 29% in the last twelve months.</p>
<div class="lb-trans"><p>儘管已經有了強勁的表現，<strong>立高控股</strong>（HKG:8472）的股票仍在繼續上漲，在過去三十天內上漲了 48%。並不是所有股東都會感到歡欣鼓舞，因為股價在過去十二個月內仍然下跌了令人失望的 29%。</p>
</div><p>In spite of the firm bounce in price, there still wouldn't be many who think Lapco Holdings' price-to-sales (or &#34;P/S&#34;) ratio of 0.3x is worth a mention when the median P/S in Hong Kong's Commercial Services industry is similar at about 0.5x. Although, it's not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.</p>
<div class="lb-trans"><p>儘管價格有了明顯反彈，但仍然沒有多少人認為立高控股的市銷率（&#34;P/S&#34;）為 0.3 倍值得一提，因為香港商業服務行業的中位數市銷率大約為 0.5 倍。不過，簡單忽視市銷率並不明智，因為投資者可能會忽略一個獨特的機會或一個代價高昂的錯誤。</p>
</div><p>Trump has pledged to &#34;unleash&#34; American oil and gas and these 15 US stocks have developments that are poised to benefit.</p>
<div class="lb-trans"><p>特朗普承諾要&#34;釋放&#34;美國的石油和天然氣，這 15 只美國股票的發展將受益。</p>
</div><p>Check out our latest analysis for Lapco Holdings</p>
<div class="lb-trans"><p>查看我們對立高控股的最新分析</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/528407444-ps-multiple-vs-industry-1-dark-2/1758838336771" alt="" original-src="https://images.simplywall.st/asset/chart/528407444-ps-multiple-vs-industry-1-dark-2/1758838336771"/></p>
<p>SEHK:8472 Price to Sales Ratio vs Industry September 25th 2025</p>
<div class="lb-trans"><p>SEHK:8472 市銷率與行業比較 2025 年 9 月 25 日</p>
</div><h3>How Has Lapco Holdings Performed Recently?</h3>
<div class="lb-trans"><h3>立高控股最近的表現如何？</h3>
</div><p>For instance, Lapco Holdings' receding revenue in recent times would have to be some food for thought. Perhaps investors believe the recent revenue performance is enough to keep in line with the industry, which is keeping the P/S from dropping off. If not, then existing shareholders may be a little nervous about the viability of the share price.</p>
<div class="lb-trans"><p>例如，立高控股最近收入的下降值得深思。也許投資者認為最近的收入表現足以與行業保持一致，這使得市銷率沒有下降。如果不是這樣，那麼現有股東可能會對股價的可持續性感到有些緊張。</p>
</div><p>Want the full picture on earnings, revenue and cash flow for the company? Then our <strong>free</strong> report on Lapco Holdings will help you shine a light on its historical performance.</p>
<div class="lb-trans"><p>想要了解公司盈利、收入和現金流的完整情況嗎？那麼我們對立高控股的 <strong>免費</strong> 報告將幫助您瞭解其歷史表現。</p>
</div><h2>Do Revenue Forecasts Match The P/S Ratio?</h2>
<div class="lb-trans"><h2>收入預測與市銷率是否匹配？</h2>
</div><p>In order to justify its P/S ratio, Lapco Holdings would need to produce growth that's similar to the industry.</p>
<div class="lb-trans"><p>為了證明其市銷率的合理性，立高控股需要產生與行業相似的增長。</p>
</div><p>In reviewing the last year of financials, we were disheartened to see the company's revenues fell to the tune of 73%. As a result, revenue from three years ago have also fallen 69% overall. Therefore, it's fair to say the revenue growth recently has been undesirable for the company.</p>
<div class="lb-trans"><p>在回顧過去一年的財務數據時，我們感到沮喪，因為公司的收入下降了 73%。因此，三年前的收入總體也下降了 69%。因此，可以公平地説，最近的收入增長對公司來説是不可取的。</p>
</div><p>Weighing that medium-term revenue trajectory against the broader industry's one-year forecast for expansion of 7.3% shows it's an unpleasant look.</p>
<div class="lb-trans"><p>將這一中期收入軌跡與更廣泛行業的年度擴張預測 7.3% 進行比較，顯示出這是一個不愉快的局面。</p>
</div><p>With this in mind, we find it worrying that Lapco Holdings' P/S exceeds that of its industry peers. It seems most investors are ignoring the recent poor growth rate and are hoping for a turnaround in the company's business prospects. There's a good chance existing shareholders are setting themselves up for future disappointment if the P/S falls to levels more in line with the recent negative growth rates.</p>
<div class="lb-trans"><p>考慮到這一點，我們發現立高控股的市銷率超過了其行業同行，這讓人擔憂。似乎大多數投資者忽視了最近糟糕的增長率，並希望公司業務前景能有所好轉。如果市銷率降到與最近的負增長率更為一致的水平，現有股東很可能會面臨未來的失望。</p>
</div><h2>The Bottom Line On Lapco Holdings' P/S</h2>
<div class="lb-trans"><h2>立高控股市銷率的底線</h2>
</div><p>Lapco Holdings' stock has a lot of momentum behind it lately, which has brought its P/S level with the rest of the industry. While the price-to-sales ratio shouldn't be the defining factor in whether you buy a stock or not, it's quite a capable barometer of revenue expectations.</p>
<div class="lb-trans"><p>立高控股的股票最近有很大的動能，這使其市銷率與行業其他公司持平。雖然市銷率不應該是您是否購買股票的決定性因素，但它確實是收入預期的一個有效指標。</p>
</div><p>Our look at Lapco Holdings revealed its shrinking revenues over the medium-term haven't impacted the P/S as much as we anticipated, given the industry is set to grow. When we see revenue heading backwards in the context of growing industry forecasts, it'd make sense to expect a possible share price decline on the horizon, sending the moderate P/S lower. Unless the the circumstances surrounding the recent medium-term improve, it wouldn't be wrong to expect a a difficult period ahead for the company's shareholders.</p>
<div class="lb-trans"><p>我們對立高控股的觀察顯示，其中期收入的縮減並沒有像我們預期的那樣影響市銷率，因為行業預計將增長。當我們看到收入在行業增長預測的背景下出現下滑時，預計股價可能會下降，從而使適度的市銷率降低是有道理的。除非最近的中期情況有所改善，否則預計公司股東將面臨困難時期並不為過。</p>
</div><p>We don't want to rain on the parade too much, but we did also find <strong>5 warning signs for Lapco Holdings</strong> (2 make us uncomfortable!) that you need to be mindful of.</p>
<div class="lb-trans"><p>我們不想過於潑冷水，但我們確實發現了 <strong>立高控股的 5 個警示信號</strong>（其中 2 個讓我們感到不安！），您需要注意。</p>
</div><p>Of course, <strong>profitable companies with a history of great earnings growth are generally safer bets</strong>. So you may wish to see this <strong>free</strong> collection of other companies that have reasonable P/E ratios and have grown earnings strongly.</p>
<div class="lb-trans"><p>當然，<strong>有着良好盈利增長曆史的盈利公司通常是更安全的投資</strong>。因此，您可能希望查看這份 <strong>免費</strong> 的其他公司集合，這些公司有合理的市盈率並且盈利增長強勁。</p>
</div>

儘管增長乏力，立高控股有限公司（HKG:8472）的股價仍上漲了 48%